SEC Form 4 · accession 0001451505-15-000034
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lars Sjobring
Officer — SVP and General Counsel
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 6:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001451505
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Registered SharesF1 | Mar 2, 2015 | M | 883 | $0.00 | A | 883 | D | |
| Registered SharesF2 | Mar 2, 2015 | M | 4,593 | $0.00 | A | 5,476 | D | |
| Registered SharesF3 | Mar 2, 2015 | M | 3,429 | $0.00 | A | 8,905 | D | |
| Registered SharesF4 | Mar 2, 2015 | F | 3,581 | $0.00 | D | 5,324 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred UnitsF1 | $0.00 | Mar 2, 2015 | M | 883 | D | Mar 2, 2015 | — | Registered Shares | 883 | 1,767 | D |
| Deferred UnitsF1,F2 | $0.00 | Mar 2, 2015 | M | 4,593 | D | Mar 2, 2015 | — | Registered Shares | 4,593 | 9,187 | D |
| Deferred UnitsF1,F3 | $0.00 | Mar 2, 2015 | M | 3,429 | D | Mar 2, 2015 | — | Registered Shares | 3,429 | 6,858 | D |
Explanation of responses
- F1Deferred Units, which are 1-for-1 share equivalents, acquired on March 1, 2014, pursuant to the Issuer's long-term incentive plan. One-Third of such deferred units vested on March 1, 2015, resulting in delivery of registered shares to the reporting person.
- F2Deferred Units, which are 1-for-1 share equivalents, acquired on March 1, 2014, pursuant to the Issuer's long-term incentive plan. One-Third of such deferred units vested on March 1, 2015, resulting in delivery of registered shares to the reporting person.
- F3Deferred Units, Which are 1-for-1 share equivalents, acquired on March 1, 2014, persuant to the Issuer's long-term-incentive plan. One-Third of such deferred units vested on March 1, 2015, resulting in delivery of registered shares to the reporting person
- F4Shares sold upon vesting to satisfy tax withholding obligations.